Energy Tomorrow Blog
Posted October 24, 2018
From prepared remarks at this week at the Lone Star Energy Forum in Houston, hosted by the Texas Oil & Gas Association (TXOGA):
It’s great to be back in Texas. And it’s a privilege to share a stage with some of the most steadfast advocates for U.S. energy leadership starting right here in Texas. TXOGA and API have the same goal, and it’s based on this event’s theme: “Energy Dominance Starts in Texas.” The goal is to make sure that the Energy Dominance that starts in Texas, doesn’t end in Washington, D.C.
Posted October 23, 2018
Two stat lines capture the essence of modern natural gas and oil development:
First, the United States produced a record 11 million barrels of oil per day (mbd) in September, 2.2 mbd more than September 2017, according to API’s latest Monthly Statistical Report (MSR). It’s a remarkable output number, given where domestic production was less than two decades ago.
Second point: Just as remarkable is the fact the United States’ world leadership in natural gas and oil production is accompanied by world leadership in cutting greenhouse gas emissions.
Posted October 3, 2018
Announcement of the United States, Mexico and Canada Agreement (USMCA) – locking in Canada and Mexico as our nation’s closest trading partners – is good news for the U.S. energy renaissance. Attention now turns to Congress, which should ratify the deal....
Because zero or reduced tariffs, market access between the three countries and trade liberalization all worked to the benefit of U.S. energy under NAFTA, our industry’s chief goal was an updated agreement was to keep in place features that have supported U.S. energy. USMCA does that – and Americans will be the beneficiaries.
Posted August 30, 2018
A map shows just how much damage could be done to the United States’ fifth-leading natural gas and seventh-largest oil producing state by Colorado’s Initiative 97 – the anti-energy, anti-progress measure that state officials said will be on the November election ballot. Coloradoans and all Americans should be very concerned.
Zeroing in on the state’s top five producing counties (outlined in blue) – Weld in the north on the border with Wyoming, Rio Blanco and Garfield on the western border with Utah, and La Plata and Las Animas on the southern border with New Mexico – the map shows that opportunity for new natural gas and oil development on non-federal land would be all but prohibited.This is an alarming prospect for all Americans, because we’re talking about putting the brakes on one of the country’s leading and fastest-growing energy producers.
Posted July 20, 2018
Big news in the latest API Monthly Statistical Report: U.S. crude oil production rose to an all-time record of 10.7 million barrels per day (mbd) in June – the largest monthly output, ever. According to the MSR, June domestic crude production increased more than 100,000 barrels per day over May, and the total was 1.6 million barrels per day more than June a year ago. But let’s go back to that top-line number – 10.7 million barrels per day – and comprehend what it means:
Economic growth and jobs – but also our country’s energy security, supporting the promise of present and future prosperity and opportunity. That’s the gift of the American energy renaissance that, well, keeps on giving.
All of the above support an argument that – to ensure an adequate global supply of crude oil upon which the U.S. and global economies rely – we should look to sustain and grow domestic natural gas and oil production.
Posted July 19, 2018
The Trump administration’s rejection of Plains All American’s request for an exclusion to the administration’s tariffs on imported steel – which the company planned for a pipeline out of the Permian Basin, the nation’s most dynamic oilfield – illustrates the head-on collision between trade policies and energy goals.
Caught in the middle: American consumers and U.S. energy security.
Posted June 12, 2018
As the natural gas industry prepares for the upcoming World Gas Conference in Washington D.C. (June 25-29), let’s take a look at some of the issues bringing together many of the world’s most influential leaders, policymakers and experts from sectors ranging from finance, to trading, to law, to government.
The conference agenda reflects the key role natural gas plays in reliable power generation, a cleaner environment, affordable energy and the security of our nation and our allies, as well as the infrastructure working behind the scenes to make sure this energy is available when we need it most.
Posted May 16, 2018
For some time we’ve stressed that offshore oil and natural gas production is compatible with a variety of other ocean uses such as fishing and tourism – and most significantly, with the U.S. military’s need for open-water areas to conduct training exercises, advanced weapons testing and the like. Industry has a long track record of developing offshore energy in a manner that successfully coexists with the military’s needs in the Gulf of Mexico and other areas.
The same would be true in the Eastern Gulf of Mexico if a moratorium on offshore development there, in place since 2006, is allowed to expire in 2022 – creating access to key new areas for safe exploration and development of strategically important oil and natural gas. A new analysis by the Defense Department agrees.
Posted May 3, 2018
More on NAFTA – the North American Free Trade Agreement – which U.S., Canadian and Mexican negotiators are working to modernize.
Critically important to U.S. interests in any NAFTA 2.0 is keeping investor-state dispute settlement (ISDS) protections in the deal so that American investments and American property are protected against unfair treatment by host nation governments. ISDS is fundamental to this, which supports continuing U.S. investment in natural gas and oil projects outside this country. That, in turn, is fundamental to U.S. energy and national security. A couple of new videos underscore those points.
Posted May 2, 2018
The most recent federal Gulf of Mexico oil and natural gas lease sale was described in some media reports as “disappointing,” “modest” and “tepid.” But there’s another, more positive way to look at it.
First, every offshore lease sale the federal government holds is welcome by industry, because each represents new opportunity for the market to work as it should – with companies making investment decisions based on the potential for significant natural gas and oil production.
A more important point underscored with the Gulf sale is one we’ve been making for some time – that the federal government needs to make available new offshore areas for study, research, exploration and development.